Stock Market Books

Friday, May 30, 2008

KLCI closed 14.28 points up at 1276.10.

KLCI closed 14.28 points up at 1276.10. CPO fell RM 81 to RM 3483. DiGi rose RM1.50 to RM26.50, KLK rose 50 sen to RM 17.70, IOI Corp was up 30 sen to RM 7.45.

Panglobal first quarter net loss is RM 26.52 vs net loss RM 15.29 m a year ago. Revenue is recorded at RM 62.7m vs RM60.73 m. Loss per share is 19 sen vs 11sen.

LCL Corp subsidiary secures RM 18.8m interior outfit job for hotel project along Jalan Conlay KL.

Gamuda closed 53 sen lower to RM2.45(13m), IOI Prop slide 40 sen to RM 10, SP Setia down 24 sen to RM 3.96, WCT slipped 22 sen to RM 3.26, Bland down 20 sen to RM 5.10.

Gamuda falls 39 sen to RM 2.59 with 52 m shares done at 12.23pm on concerns over Vietnam property venture. BJLand-LB also was down 55 sen to RM5.

Market said Vietnam is having a inflation rate of about 11 percent thereby made the investment return lower.

Lion Industries third quarter net profit is RM 200.8 m from RM 41.1 m. Revenue is RM 1.7b vs RM 1.25b. 9-months net profit is RM 390m vs RM 201.2m.

Lafarge sees 5% to 10 % revenue growth in current financial year, spurred by government, private projects but it is concerned over the delay to liberalize cement industry.

Astra Asia deputy chairman Lim Kang Poh buys 2 m shares on May 21, ups stake to 31.86m shares or 26.55%.

Goldman Sach sells 2.1 m Green Packet shares from May 16-22, cutting its stake to 16.77m or 5.1%. GPacket shares is recorded at 52-week low of RM 1.77 at 11.15am.

26/5 Bank Negara keeps overnight policy rate unchanged at 3.5 %. It sees inflation risks on upside while risks to economic growth on downside.

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